Brokerages Set Ambev S.A. (NYSE:ABEV) Price Target at $3.50

Shares of Ambev S.A. (NYSE:ABEVGet Rating) have received an average rating of “Hold” from the six research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $3.50.

Separately, upgraded shares of Ambev from a “hold” rating to a “buy” rating in a report on Friday, May 20th.

ABEV opened at $2.56 on Friday. The company has a market cap of $40.29 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 1.85 and a beta of 1.09. The company has a quick ratio of 0.69, a current ratio of 1.04 and a debt-to-equity ratio of 0.03. Ambev has a twelve month low of $2.42 and a twelve month high of $3.55. The company has a 50-day moving average price of $2.75 and a 200 day moving average price of $2.81.

Ambev (NYSE:ABEVGet Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.93 billion. Ambev had a net margin of 18.06% and a return on equity of 16.87%. As a group, sell-side analysts expect that Ambev will post 0.16 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Yousif Capital Management LLC purchased a new stake in shares of Ambev in the 4th quarter valued at approximately $683,000. HighTower Advisors LLC grew its stake in shares of Ambev by 379.8% in the 4th quarter. HighTower Advisors LLC now owns 126,275 shares of the company’s stock valued at $355,000 after buying an additional 99,956 shares during the period. Pinebridge Investments L.P. purchased a new stake in shares of Ambev in the 4th quarter valued at approximately $2,197,000. Regatta Capital Group LLC purchased a new stake in shares of Ambev in the 4th quarter valued at approximately $87,000. Finally, National Bank of Canada FI purchased a new position in shares of Ambev during the 4th quarter worth approximately $477,000. 8.48% of the stock is owned by institutional investors and hedge funds.

Ambev Company Profile (Get Rating)

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products in the Americas. The company operates through four segments: Brazil; Central America and the Caribbean; Latin America South; and Canada.

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